Le Sueur County, Minnesota, a county in the Minneapolis-St. Paul, MN-WI market, holds $781M in deposits across 8 insured institutions and 11 branches. First Bank & Trust is the largest deposit holder at 19.9% share. The top three institutions hold 53.5% of deposits, which places the county in the moderately concentrated band. Deposits have grown 22.1% since 2020. It produces $936M of output, ranking #1,211 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 11 in 2020 to 11 in 2025. Institutions: 8 to 8. Top-three share: 53.4% to 53.5%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Bank & Trust | $155M | 19.9% | +31% |
| Frandsen Bank & Trust | $133M | 17.1% | +23% |
| The First National Bank of Le Center | $129M | 16.5% | +13% |
| Cornerstone State Bank | $81M | 10.4% | +8% |
| HomeTown Bank | $80M | 10.2% | +46% |
| First Farmers & Merchants Bank | $76M | 9.7% | +27% |
| First State Bank of Le Center | $67M | 8.5% | +8% |
| Elysian Bank | $60M | 7.7% | +27% |
The 8 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. Even so, a large gain can reflect acquisition rather than organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Minneapolis-St. Paul market
Le Sueur County is one of 21 counties that make up the Minneapolis-St. Paul, MN-WI market, a Combined Statistical Area (ranked #16 of 293 U.S. markets by economic output). It produces 0.3% of the market’s output and holds 0.3% of its deposits.
| Measure | Le Sueur County | Share of Minneapolis-St. Paul market |
|---|---|---|
| 2024 GDP | $936M | 0.3% |
| Deposits | $781M | 0.3% |
| Population | 29,453 | 0.7% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Le Sueur County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Le Sueur County, on a retained basis.
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